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Is the worst now behind Frontier Airlines? Ends 2008 with a record profit for Dec-08


Frontier reported a net profit of USD18.7 million in Dec-08, an impressive improvement from Nov-08’s USD2.9 million profit and Oct-08’s USD20.5 million net loss. The Dec-08 net profit represented a record profit for the month of December and is the second time the carrier has reported a net profit since it commenced reporting monthly operating reports in Apr-08, as a requirement of its bankruptcy protection proceedings. [1196 words]

Unlock the following content in this report:


  • Reduction in capacity and fuel costs results in lower operating expenses in Dec-08
  • Cash and cash equivalents of USD69 million in Dec-08
  • Reports first 4Q08 profit in five years
  • Reaches critical milestone in restructuring effort with Labour Union agreement
  • Operational performance continue to improve in Nov-08
  • But still more work to do in reorganisation process; requests Bankruptcy Court Extension

Graphs and data:

  • Frontier Airlines Holdings monthly financial highlights
  • Frontier Airlines Holdings operating expenses: May-08 to Dec-08
  • Frontier capacity growth (ASK) growth: Jan-04 to Dec-08
  • Frontier Airlines Holdings monthly cash and cash equivalent levels
  • Frontier financial highlights for three months ended 31-Dec-08
  • Frontier yield (cents) and revenue (per ASM; cents): Jan-08 to Dec-08
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